
Medicine franchise in Bihar: Looking to start a medicine franchise in Bihar but don’t know how? We have exactly what you need. When a pharmaceutical company gives the right to an individual or a company to sell its medicinal products and therapeutics in a specific state, it is considered a medicine franchise in Bihar.
There is a lot of scope for a medicine franchise in Bihar because of its high population, the government’s investment in spending, and being a highly outsourcing state.
In this article, we will discuss everything you need to know to start a medicine franchise in Bihar. It includes why Bihar is the place to start a medicine franchise, factors you need to consider while choosing a pharmaceutical company, required documents, and also why Medfence is the pharmaceutical company to start a medicine franchise.

Here are a few benefits of starting a medicine pharma franchise
High consumption: Bihar is a good choice to start a medicine franchise because of its high population, which also increases consumption of medicine in the region.
Low investment: it is a low-investment business because you don’t need investment in high-end technologies, research and development or manufacturing.
Government spending: the central government invests heavily in infrastructure and development in the health sector of Bihar. Therefore, policies and rules are in your favour.
wholesale/retail sales: Bihar has supply chain hubs such as Patna, Muzaffarpur, Gaya, and Hajipur, which supply tier 2 and 3 rural areas.
Marketing support: pharmaceutical producers and manufacturers will give you marketing support such as visual aids, MR bags, product samples, and brochures.
Do research for your business such as demography, demand for the product, market, hospitals and clinics, existing customer network, distribution and logistics, etc. It is important to do the research to know how much investment it would require for marketing and promotion, the range of products, and stock of the products.
Choose the medicine manufacturer for your medicine franchise. Here are some of the criteria you need to look at while looking for a manufacturer:
| FACTORS | WHAT TO CHECK |
| Product portfolio | Check segments and form of medicines |
| availability | Consistent supply |
| Quality of information | Manufacturing documentation |
| territory | Availability in cities, territories |
| Commercial terms | Payment terms, pricing |
| Marketing support | Promotional materials |
| supply | Ordering process |
| aggrement | Territory rights and responsibility |
Collect the required documents such as drug license, GST number, Aadhaar card, PAN card
Drug license: A drug license is a license issued by the state to a wholesaler/retailer to legally sell drugs or medicines in a state or districts of that state.
GST number: it is a unique code given to each business under the GST system in India. It is necessary for businesses that have turnover of more than 40 lakhs, or 20 lakhs for services
Documents: PAN and Aadhaar card; PAN cards are important for proprietors or companies, and Aadhaar card for the identity of the proprietor or company.
You need to select the range of products you want to sell to the demography you want to sell to, or sell products according to the requirements of the market. The range of products that can be sold by the medicine franchise:
You have to identify what kind of medicine is more in demand for the demography of your area.
Now calculate the investment required for your medicine franchise; here is the list of the investment required for the business:
| Initial stock ( depends on the range or segments) | ₹25,000 – ₹1,00,000 |
| Drug license and other documents | ₹5,000 – ₹15,000 |
| Promotional material | ₹10,000 – ₹30,000 |
| office/storage setup | ₹10,000 – ₹50,000 |
| Working capital | ₹20,000 – ₹50,000 |
You can do sales and marketing through social media, enquiries, and simply pitching your products in hospitals and clinics. This also makes networking with hospitals and clinics easier
Main cities to start a medicine pharma in Bihar are the following:
Medfence is the best pharmaceutical manufacturer, established in 2017. We have a wide range of products such as capsules, soft gels, syrups, tablets, dry syrups, injections, nasal and eye drops, powders, and sachets. They make medicines for the cardiac-diabetic, dental, and gynecological range. Our vision is to become the best upcoming pharmaceutical company; our mission offering accessible pharma to everyone.
There are various advantages of starting a medicine pharma business with Medfence, all of which are given below:
Q.1 What is a medicine franchise?
A.1 A medicine franchise is a business model in which an entrepreneur, pharmacist, or healthcare professional can sell products of a pharmaceutical company in various districts or cities of a state
Q.2 Will I get monopoly rights for a medicine franchise in Bihar?
A.2 Yes, Medfence provides you with monopoly rights for joining the Medfence franchise in Bihar.
Q.3 Is Medfence WHO and ISO certified?
A.3 Medfence has high quality WHO and ISO certifies products.
Q.4 Do I need a drug license for starting a medicine franchise in Bihar?
A.4 Yes, having a drug license is a necessity for owning a medicine franchise in Bihar.
Q.5 Will I get promotional support for a PCD pharma franchise?
A.5 Yes, getting marketing and promotional support for a medicine franchise is a key feature of a medicine franchise business.
This article consisted of a full-fledged guide for starting a medicine franchise in Bihar; it included how you can start, scope, and even suggested a good company to start a medicine franchise in Bihar. Medfence is a top company to join a medicine franchise in Bihar. We offer maximum support and guide for the growth of your business.